Hopes for a revival in company takeovers and growing belief in the strength of economic recovery on Wednesday drove the FTSE 100 index through the 5,000 level for the first time in almost a year. The rebound in world stock markets since March drew fresh momentum this week from Kraft’s potential £10.2bn bid for Cadbury. In the US, the S&P500 closed at its highest this year, while Europe’s leading shares rose for a fifth consecutive day.

This entry was posted by Gwen Robinson on Thursday, September 10th, 2009 at 5:02 and is filed under Capital markets. Tagged with ftse. Edit this entry.